Motorcycle Insurance and the Issue of Motorcycle Theft

Bikes are sometimes stolen resulting from an absence of anti-theft units. Despite the fact that distant beginning units have been banned in California and are used much less typically, there may be nonetheless a excessive price of theft. Right here is a few info on motorbike theft statistics, how theft could be prevented, and easy methods to profit from your motorbike insurance protection.

Motorbike Theft on the Rise

In line with the newest report from the National Insurance Crime Bureau (NICB), greater than 45,500 bikes had been reported stolen in 2015, a rise of 6% over the prior 12 months. The highest state for motorbike thefts? California, with 7,221 thefts, adopted by Florida (4,758) after which Texas (3,403).

In case you thought that Harleys are probably the most stolen trip, you’re improper. The truth is, Hondas are probably the most stolen motorbike, accounting for 1 out of each 5 bikes stolen. These are adopted up by Yamahas, Suzukis, Kawasakis, after which Harley-Davidson bikes.

Avoiding the Theft of Your Motorbike

Bikes have a particular attract for thieves as a result of they’re simpler to steal than automobiles. Many bikes are additionally straightforward to strip for components or promote complete at a fast revenue, making them a precious alternative. Solely about 39 percent of stolen bikes are ever recovered, so your greatest technique as a motorbike proprietor is prevention.

Listed below are a number of issues you are able to do to guard your motorbike from theft:

Use your ignition lock. (It’s not sufficient simply to have the machine turned “off.”)

Security measures and motorbike insurance can defend you from motorbike theft.

Motorbike Insurance coverage and Potential Reductions

All states, together with California, require minimal quantities of insurance on a motorbike. You’re required to have motorbike insurance that protects others in case you might be in an accident and trigger harm or property harm. What this minimal protection doesn’t present, nonetheless, is harm or loss to your motorbike, even when it’s stolen. You’ll want complete motorbike insurance protection to recoup any of your loss.

Some bikes at the moment are value upwards of $20,000. In case you needed to change that type of machine after a theft, it might possible be a monetary hardship. A complete motorbike insurance coverage can defend you from the monetary loss related to motorbike theft whereas offering different advantages.

You may even get what’s known as whole loss protection, which can pay to purchase you a brand new motorbike (present mannequin 12 months) within the occasion that your trip is totaled. In case you don’t have this protection and your motorbike is totaled or stolen, you’ll obtain the precise money worth, or present day value, of the automobile.

If you store for motorbike insurance, make sure to ask about reductions in your theft prevention measures. You could possibly qualify for premium reductions for things like alarms, security locks, and lo-jacks.